Naples Global Advisors LLC Sells 80 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Naples Global Advisors LLC trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,925 shares of the financial services provider’s stock after selling 80 shares during the quarter. Naples Global Advisors LLC’s holdings in Houlihan Lokey were worth $799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its stake in Houlihan Lokey by 0.5% in the first quarter. Ameritas Investment Partners Inc. now owns 18,293 shares of the financial services provider’s stock worth $2,345,000 after acquiring an additional 97 shares during the period. Private Advisor Group LLC increased its holdings in Houlihan Lokey by 3.3% during the fourth quarter. Private Advisor Group LLC now owns 3,198 shares of the financial services provider’s stock valued at $383,000 after buying an additional 102 shares during the period. Park Avenue Securities LLC raised its stake in Houlihan Lokey by 1.4% in the second quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 120 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Houlihan Lokey by 12.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,139 shares of the financial services provider’s stock worth $137,000 after buying an additional 123 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in Houlihan Lokey during the 2nd quarter valued at $26,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Preiser sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total value of $2,664,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Preiser sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,219 shares of company stock valued at $5,266,715. Company insiders own 25.97% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of NYSE HLI traded up $1.43 during mid-day trading on Friday, hitting $152.65. The stock had a trading volume of 165,608 shares, compared to its average volume of 336,806. The company has a 50 day moving average of $139.78 and a two-hundred day moving average of $132.61. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $153.08. The firm has a market cap of $10.47 billion, a PE ratio of 37.14 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, meeting analysts’ consensus estimates of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The firm had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Houlihan Lokey’s revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.67 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.49%. The ex-dividend date is Tuesday, September 3rd. Houlihan Lokey’s payout ratio is 55.47%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. UBS Group boosted their price objective on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their price target on Houlihan Lokey from $131.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $150.25.

Houlihan Lokey Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.